Societal Issues in the Networked Economy Part 4 Living in Internet Time 24 hour day –Work never ends Personal Outsourcing –Help with day-to-day chores.

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Presentation on theme: "Societal Issues in the Networked Economy Part 4 Living in Internet Time 24 hour day –Work never ends Personal Outsourcing –Help with day-to-day chores."— Presentation transcript:

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Societal Issues in the Networked Economy Part 4

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Living in Internet Time 24 hour day –Work never ends Personal Outsourcing –Help with day-to-day chores –Do online banking, shopping Reach Creep –No separation of work and home

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Living in Internet Time Cornerstones of Networked Economy Computing and Communications Always available Freedom of Ideas and Trade Education

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Side Effects of the Networked Economy Death of Distance –Telecommuting Homogenization of Time Disintegration of Borders Living in Internet Time

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19996 A LOOK INTO THE FUTURE Tony Tang is the marketing manager of a small but thriving software company which does business in three continents. –There are only four employees in the office -- Tony Tang, president, and two senior programmers. –The other 23 employees, all experienced programmers, live and work in other countries such as India, Germany, England, and Japan. –The employees collaborate on the project using various information and telecommunications technologies. –Tony can check inventory with eight software retailers -- four in the U.S., two in England, and two in Japan -- and issue an electronic shipping order and an electronic invoice.

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Challenge of Global Information Systems Language Differences –National laws often forbid businesses to run accounting and other systems in foreign languages Cultural Differences –Many in which people work and importance of ethical issues –Some European countries severely restrict businesses from collecting and maintaining personal data

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Challenge of Global Information Systems Economic –Scientific information is a national resource and source of income for corporations with conflicting interests –Governments do not allow the exchange of information on Military Weapons –Some computer hardware and software may be prohibited from trading –Different countries treat trade secrets, patents, copyrights differently

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Economic Issues in the Networked Economy Taxation of Electronic Commerce –Sales Taxes –Internet Tax Freedom Act 1998 – Only if same state Advisory Commission on Electronic Commerce Loss of Local Revenue

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Challenge of Global Information Systems Legal Barriers to International Data Transfer –While many of the problems involved in cross- border data transfer have been resolved, privacy is not even mentioned in the constitutions of many countries including the U.S. –Different nations have different approaches to the privacy issue.

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Economic Issues in the Networked Economy Government Control of Internet Content